Nomura Holdings Inc. Boosts Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Nomura Holdings Inc. boosted its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR - Free Report) by 385.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 321,252 shares of the company's stock after purchasing an additional 255,120 shares during the period. Nomura Holdings Inc.'s holdings in Palantir Technologies were worth $5,516,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Pacifica Partners Inc. purchased a new position in Palantir Technologies during the 4th quarter valued at about $27,000. First United Bank & Trust purchased a new position in shares of Palantir Technologies during the 4th quarter worth approximately $26,000. Truvestments Capital LLC grew its holdings in shares of Palantir Technologies by 74.9% during the 3rd quarter. Truvestments Capital LLC now owns 1,635 shares of the company's stock worth $26,000 after acquiring an additional 700 shares during the period. Tortoise Investment Management LLC purchased a new position in shares of Palantir Technologies during the 4th quarter worth approximately $34,000. Finally, SJS Investment Consulting Inc. grew its holdings in shares of Palantir Technologies by 1,197.4% during the 4th quarter. SJS Investment Consulting Inc. now owns 2,011 shares of the company's stock worth $35,000 after acquiring an additional 1,856 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

PLTR has been the topic of a number of analyst reports. Citigroup boosted their price target on Palantir Technologies from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 7th. Bank of America boosted their price target on Palantir Technologies from $24.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, March 6th. Royal Bank of Canada boosted their price target on Palantir Technologies from $5.00 to $9.00 and gave the stock an "underperform" rating in a research report on Tuesday, May 7th. Monness Crespi & Hardt raised Palantir Technologies from a "sell" rating to a "neutral" rating in a research report on Friday, April 26th. Finally, HSBC upped their price objective on Palantir Technologies from $22.00 to $23.00 and gave the company a "hold" rating in a research report on Tuesday, May 7th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $21.25.

Palantir Technologies Stock Performance

Shares of PLTR traded up $0.80 during midday trading on Tuesday, hitting $25.82. 53,695,871 shares of the company traded hands, compared to its average volume of 57,591,801. The firm has a 50 day moving average of $22.15 and a 200-day moving average of $21.14. Palantir Technologies Inc. has a 52 week low of $13.56 and a 52 week high of $27.50. The stock has a market cap of $57.50 billion, a price-to-earnings ratio of 215.18, a PEG ratio of 5.44 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR - Get Free Report) last released its quarterly earnings data on Monday, May 6th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. The business had revenue of $634.34 million during the quarter, compared to the consensus estimate of $614.88 million. Sell-side analysts predict that Palantir Technologies Inc. will post 0.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Heather A. Planishek sold 2,398 shares of the firm's stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $21.30, for a total value of $51,077.40. Following the completion of the sale, the insider now owns 639,696 shares of the company's stock, valued at $13,625,524.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Palantir Technologies news, insider Heather A. Planishek sold 2,398 shares of the firm's stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $21.30, for a total value of $51,077.40. Following the completion of the sale, the insider now owns 639,696 shares of the company's stock, valued at $13,625,524.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Alexandra W. Schiff sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $22.74, for a total transaction of $113,700.00. Following the transaction, the director now directly owns 186,783 shares in the company, valued at $4,247,445.42. The disclosure for this sale can be found here. Insiders sold a total of 11,374,153 shares of company stock valued at $239,976,945 over the last 90 days. Insiders own 12.93% of the company's stock.

Palantir Technologies Company Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.